QtrendsSK Hynix makes historic Nasdaq debut with $26.5bn share sale
SK Hynix, the South Korean memory chip giant, is set to begin trading on the Nasdaq in a landmark $26.5 billion U.S. share sale — the largest foreign listing in years. The move opens the trillion-dollar company to American investors at a time when AI-driven demand for advanced memory chips is soaring. The stock is expected to pop on debut, with analysts citing strong institutional demand and the global chip shortage tailwind. The listing represents South Korea's biggest corporate push into U.S. capital markets.
India's push to blend 20% ethanol into petrol is facing growing consumer resistance as drivers report concerns over fuel efficiency and engine performance. Premium petrol demand has doubled at Delhi fuel stations as motorists opt for alternatives to E20. Insurance experts warn that using E20 petrol could complicate motor insurance claims in some cases. The policy is part of India's broader renewable energy goals but has created friction with consumers accustomed to conventional fuel.
The S&P 500 and Nasdaq are both on track for winning weeks as a new group of stocks drives the rally. While large-cap tech has cooled, previously overlooked sectors are stepping up to power gains. The Dow also climbed, broadening the market's advance. Analysts suggest the rotation signals healthy breadth rather than a narrowing top, which could sustain the bull run.
Volkswagen has announced a dramatic restructuring plan that will slash its model lineup by roughly half and reduce production capacity as sales continue to decline. The German automaker has not yet detailed specific job cuts but is under pressure from falling demand across multiple brands. The overhaul marks one of the most aggressive cost-cutting moves in the company's history. Volkswagen's sales have been hit by competition from Chinese EV makers and a sluggish European economy.